Tag

"The award is a testament to the market’s appetite for our risk models, analytics, and insight,” said Victor Roldán of RMS.

Floodwaters in Bagadó reportedly reached more than meter high, while the municipalities of Cértegui, Lloró, and Nuquí also experienced significant flooding.

Heavy rains caused a landslide that killed at least 16 and affected more than 500 families and 80 homes across 16 primarily lower-class neighborhoods.

There were no injuries to any of the four crew on board, but one of El Dorado’s runways remained closed for roughly two hours.

"My heart — our heart, the heart of all Colombians — is with the victims of this tragedy," said President Santos.

"Colombia has one of the highest seismic hazards in South America," said Victor Roldán of RMS.

Recent upgrades to AIR's model have improved its ability to predict losses due to ground shaking and tsunamis.

"Looking at the kinds of disasters in Colombia, I think systems like ours make a lot of sense," says Anand Anupam of Unified Messaging Systems.

The airline cancelled all its flights to Miami, Fort Lauderdale, and Orlando on Thursday.